RKLB
Rocket Lab USA, Inc.
RKLB's outlook is improving, though it still trails on the overall score.
ROAD
Construction Partners, Inc.
ROAD has the edge over RKLB overall, supported by stronger valuation and lower modeled downside.
RKLB Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Weak | |
| Unavailable |
RKLB's revenue is currently strong, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
ROAD Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Under pressure |
ROAD's revenue, profitability and cash flow are currently healthy, but its balance sheet is under pressure.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
ROAD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $81.02 | — |
| Current | 32x | $81.02 | — |
| Cheap | 35x | $88.40 | +9.1% |
| Fair | 58x | $149 | +84% |
| Expensive | 79x | $202 | +150% |
Historical ranges are pointers, not guarantees.
ROAD's PE is in its cheap range at 32x. If earnings grow as analysts expect, today's price would be 25x next year's earnings.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RKLB has the edge over ROAD on the outlook, with more favorable profitability expectations.
ROAD Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for ROAD, with profitability holding steady. However, they disagree widely on these estimates.
RKLB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.36 | +$0.03 |
| Q2 2026 | -$0.27 | +$0.19 |
| Q1 2026 | -$0.32 | +$0.09 |
| Q4 2025 | -$0.37 | +$0.01 |
| Q3 2025 | -$0.39 | -$0.02 |
| Q2 2025 | -$0.46 | -$0.11 |
| Q1 2025 | -$0.41 | -$0.04 |
| Q4 2024 | -$0.38 | $0.00 |
RKLB is still losing money, but less than at its worst: $0.36 per share over the past year, against $0.46 at its worst in mid-2025.
ROAD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.19 | +25% |
| Q2 2026 | $2.56 | +88% |
| Q1 2026 | $2.29 | +97% |
| Q4 2025 | $2.21 | +108% |
| Q3 2025 | $1.84 | +40% |
| Q2 2025 | $1.36 | 0% |
| Q1 2025 | $1.16 | -1.7% |
| Q4 2024 | $1.06 | -2.8% |
| Q3 2024 | $1.31 | +39% |
ROAD has the edge over RKLB on earnings quality, reporting a profit while its opponent remains loss making.
RKLB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $267.8M | +73% |
| Q2 2026 | $234.1M | +62% |
| Q1 2026 | $200.3M | +63% |
| Q4 2025 | $179.7M | +36% |
| Q3 2025 | $155.1M | +48% |
| Q2 2025 | $144.5M | +36% |
| Q1 2025 | $122.6M | +32% |
| Q4 2024 | $132.4M | +121% |
RKLB has the edge over ROAD on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -30% | +8.5 points |
| Q2 2026 | -25% | +17 points |
| Q1 2026 | -28% | +20 points |
| Q4 2025 | -28% | +11 points |
| Q3 2025 | -38% | +12 points |
| Q2 2025 | -41% | -0.5 points |
| Q1 2025 | -48% | -1.9 points |
| Q4 2024 | -39% | +41 points |
RKLB's operating margin was −30% last quarter, up 8.5 points from the same quarter a year ago.
ROAD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $999.4M | +28% |
| Q1 2026 | $769.2M | +35% |
| Q4 2025 | $809.5M | +44% |
| Q3 2025 | $899.8M | +67% |
| Q2 2025 | $779.3M | +50% |
| Q1 2025 | $571.7M | +54% |
| Q4 2024 | $561.6M | +42% |
| Q3 2024 | $538.2M | +13% |
ROAD's revenue has grown year over year for 23 quarters in a row: $999M last quarter, up 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 11% | +0.3 points |
| Q1 2026 | 4.9% | +0.1 points |
| Q4 2025 | 6.2% | +3.8 points |
| Q3 2025 | 11% | +2.7 points |
| Q2 2025 | 11% | +1.8 points |
| Q1 2025 | 4.8% | +3.9 points |
| Q4 2024 | 2.5% | -1.8 points |
| Q3 2024 | 8.5% | -0.9 points |
ROAD has the edge over RKLB on profitability, with a higher operating margin.
RKLB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$23.9M | +$45.5M |
| Q2 2026 | -$110.1M | -$54.8M |
| Q1 2026 | -$77.4M | +$5.5M |
| Q4 2025 | -$114.2M | -$90.2M |
| Q3 2025 | -$69.4M | -$27.5M |
| Q2 2025 | -$55.3M | -$26.9M |
| Q1 2025 | -$82.9M | -$61.1M |
| Q4 2024 | -$23.9M | +$28.7M |
RKLB has burned cash in almost every quarter: −$326M over the past year, against −$232M the year before.
ROAD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $30.6M | -34% |
| Q1 2026 | $18.9M | +33% |
| Q4 2025 | $47.1M | +241% |
| Q3 2025 | $78.9M | +0.7% |
| Q2 2025 | $46.4M | +135% |
| Q1 2025 | $14.2M | +$24.8M |
| Q4 2024 | $13.8M | -59% |
| Q3 2024 | $78.4M | +79% |
ROAD has the edge over RKLB on cash generation, producing positive trailing cash flow while its opponent burns cash.
RKLB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.6% | +22.6M shares |
| 1 year | +23% | +124M shares |
| 3 years | +35% | +168M shares |
| 5 years | +46% | +204M shares |
RKLB has 652M diluted shares, up 23% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
ROAD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +13.4K shares |
| 1 year | +1.1% | +615K shares |
| 3 years | +7.6% | +4M shares |
| 5 years | +8.5% | +4.4M shares |
| Available history | +9.4% | +4.8M shares |
ROAD has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $3.8M |
| Q1 2026 | $3.5M |
| Q4 2025 | $22.4M |
| Q4 2024 | $12.1M |
| Q4 2023 | $1.3M |
| Q4 2022 | $139,000 |
| Q4 2021 | $39,000 |
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
ROAD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.6x | Elevated |
| Q1 2026 | 3.8x | Elevated |
| Q4 2025 | 3.9x | Elevated |
| Q3 2025 | 4.0x | Elevated |
| Q2 2025 | 4.4x | High |
| Q1 2025 | 5.1x | High |
| Q4 2024 | 5.2x | High |
| Q3 2024 | 2.2x | Moderate |
ROAD's net debt is about 3.6 years of its operating earnings (EBITDA), down from 4.4 years a year ago.
RKLB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.8 | Neutral |
| Stochastic | 27.6 | Neutral |
RKLB's weekly RSI is 47 (neutral) and its Stochastic is 28 (neutral).
ROAD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.7 | Neutral |
| Stochastic | 14.2 | Oversold |
ROAD's weekly RSI is 38 (neutral) and its Stochastic is 14 (oversold).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
ROAD PE vs Industrials Sector
| Metric | ROAD | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 24x | 31% above |
| PE % | 14 | 58 | 44 pts below |
ROAD is trading at 32x earnings, a 31% premium to the Industrials sector's median of 24x.
RKLB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $61.4 | 4.3% above |
| 20 week MA | $68.1 | 5.9% below |
| 50 week MA | $77.6 | 17% below |
| 100 week MA | $56.5 | 13% above |
| 200 week MA | $31.4 | 104% above |
RKLB has the edge over ROAD on trend strength, trading above more of its moving averages.
ROAD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $85.7 | 5.4% below |
| 20 week MA | $98.1 | 17% below |
| 50 week MA | $109.8 | 26% below |
| 100 week MA | $104.4 | 22% below |
| 200 week MA | $75.9 | 6.8% above |
ROAD has fallen below most of its moving averages, though it's still 6.8% above its 200-week average.
RKLB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.82 | $10.3 | +4.9% |
| 2021 | $10.3 | $12.0 | +17% |
| 2022 | $12.0 | $3.77 | -69% |
| 2023 | $3.77 | $5.53 | +47% |
| 2024 | $5.53 | $27.2 | +392% |
| 2025 | $27.2 | $70.7 | +160% |
| 2026 YTD | $70.7 | $64.1 | -9.3% |
RKLB has the edge over ROAD on returns for 2026, with the stronger performance.
ROAD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.0 | $27.6 | +63% |
| 2021 | $27.6 | $29.3 | +6.2% |
| 2022 | $29.3 | $26.9 | -8.4% |
| 2023 | $26.9 | $43.5 | +62% |
| 2024 | $43.5 | $89.9 | +106% |
| 2025 | $89.9 | $113.1 | +26% |
| 2026 YTD | $113.1 | $81.0 | -28% |
ROAD has finished higher in five of the last six years, three of them by more than 50%. It's down 28% so far in 2026.